Morocco's OCP Strengthens Position Amid Global Fertilizer Crisis
Morocco's OCP is poised to become a key player in the global fertilizer market, fueled by strategic foresight and a global supply crisis. With Iran's blockade cutting off significant fertilizer supplies, OCP's operational stability enhances food security for Africa and beyond.
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OCP, which holds approximately 69% of global phosphate reserves, is recovering from a maintenance period that coincided with a global fertilizer crisis due to Iran's blockade of the Strait of Hormuz. This blockade has disrupted nearly a third of global fertilizer supplies, causing sulfur prices to surge.
OCP's strategic initiatives include significant desalination efforts and a shift toward producing triple superphosphate, which is less reliant on sulfur. In April 2026, the company raised $1.5 billion through a hybrid bond, demonstrating strong investor confidence. OCP’s stability is crucial for Africa, which depends on Morocco for 42% of its phosphate fertilizers, as the continent aims to feed 2.5 billion people by 2050.
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